CME Group Reaches Second-Highest Monthly Volume Ever

CME Group Reaches Second-Highest Monthly Volume Ever, Averaging 24.3 Million Contracts Per Day in August 2019

CHICAGO, IL (STL.News) – CME Group, the world’s leading and most diverse derivatives marketplace, reached average daily volume (ADV) of 24.3 million contracts during August 2019, up 53% from August 2018 and the second-highest monthly ADV on record. During a month that historically sees lower average daily volumes, August 2019 was the company’s best August ever. Open interest (OI) at the end of August was 139 million contracts, up 21% from year-end 2018 and up 14% from August 2018.

Equity Index volume averaged 5 million contracts per day in August 2019, up 109% from August 2018 and the third-highest monthly ADV on record. Highlights include:

  • Record Micro E-mini Equity Index futures ADV of 854,000 contracts, nearly double the monthly average since May launch through July
  • E-mini S&P 500 futures and options ADV grew 72% to 2.9 million contracts
  • E-mini Nasdaq-100 futures and options ADV rose 84% to 622,000 contracts
  • E-mini Dow futures and options ADV increased 101% to 262,000 contracts
  • E-mini Russell 2000 futures and options ADV grew 66% to 163,000 contracts
  • Nikkei 225 (yen) futures and options ADV grew 103% to 56,000 contracts

Interest Rate volume averaged 13.7 million contracts per day in August 2019, up 59% from August 2018 and the third-highest monthly ADV on record. Highlights include:

  • U.S. Treasury futures and options ADV increased to 8.1 million contracts, including a record 6.9 million Treasury futures, both up 46% from August 2018
  • Record 2-Year U.S. Treasury Note futures ADV, up 87% to 1.2 million contracts
  • Record Ultra 10-Year U.S. Treasury Note futures and options ADV, up 94% to 406,000 contracts
  • Record Ultra T-Bond futures and options ADV, up 38% to 342,000 contracts
  • Record SOFR futures and options ADV, up 555% to 40,000 contracts
  • Eurodollar futures and options ADV grew 76% to 5.2 million contracts
  • 10-Year U.S. Treasury Note futures ADV increased 34% to 2.6 million contracts
  • 30-Year U.S. Treasury Note futures ADV rose 48% to 558,000 contracts
  • Fed Fund futures ADV rose 156% to 408,000 contracts
  • Weekly Treasury options ADV increased 65% to 192,000 contracts

Options volume averaged 4.7 million contracts per day in August 2019, up 49% from August 2018. Highlights include:

  • Interest Rate options ADV grew 64% to 3.1 million contracts
  • Equity Index options ADV rose 43% to 941,000 contracts
  • Agricultural options ADV increased 1% to 271,000 contracts
  • Energy options ADV increased 7% to 240,000 contracts
  • Metals options ADV grew 90% to 128,000 contracts

Metals volume averaged a record 885,000 contracts per day in August 2019, up 41% from August 2018. Highlights include:

  • Record Silver options ADV, up 82% to 16,000 contracts
  • Gold futures and options ADV increased 74% to 588,000 contracts
  • Silver futures and options ADV rose 39% to 156,000 contracts
  • Platinum futures and options ADV grew 25% to 23,000 contracts
  • Copper options ADV rose 106% to 3,000 contracts

Energy volume averaged 2.4 million contracts per day in August 2019, up 25% from August 2018. Highlights include:

  • WTI Crude Oil futures and options ADV increased 43% to 1.4 million contracts
  • Natural Gas futures and options ADV grew 10% to 520,000 contracts
  • Brent Crude Oil futures and options ADV rose 86% to 114,000 contracts

Agricultural volume averaged 1.5 million contracts per day in August 2019, up 4% from August 2018. Highlights include:

  • Grain and Oilseeds futures and options ADV rose 4% to 1.3 million contracts
  • Corn futures and options ADV grew 28% to 610,000 contracts
  • Hard Red Winter Wheat futures ADV increased 1% to 74,000 contracts
  • Live Cattle futures and options ADV rose 19% to 71,000 contracts

Foreign Exchange volume averaged 821,000 contracts per day in August 2019, down 7% from August 2018. Highlights include:

  • Japanese yen futures and options ADV rose 37% to 166,000 contracts
  • Canadian dollar futures and options ADV increased 3% to 79,000 contracts
  • Swiss franc futures and options ADV rose 3% to 28,000 contracts
  • Brazilian real futures and options ADV grew 54% to 12,000 contracts
  • FX Cross Rates futures and options ADV rose 24% to 9,000 contracts
  • Indian rupee futures and options ADV increased 41% to 4,500 contracts
  • South African rand futures and options ADV rose 41% to 4,000 contracts
  • Russian ruble futures and options ADV increased 72% to 3,400 contracts

BrokerTec fixed income and EBS foreign exchange trading activity highlights include:

  • U.S. Treasury average daily notional volume grew 65% to $211 billion
  • U.S. Repo average daily notional volume increased 22% to $267 billion
  • European Repo average daily notional volume increased 4% to €272 billion
  • Spot FX average daily notional volume increased 7% to $91 billion

Footnote: To see CME Group daily over-the-counter (OTC) notional cleared volumes and open interest, monthly OTC notional cleared volumes and monthly total trade count, go to http://www.cmegroup.com/education/cme-volume-oi-records.html

NOTE: this is NOT the complete report.

CLICK to VIEW COMPLETE REPORT